Foreign investors avoid bringing money into Pakistan due to various factors such as political instability, discontinuity of macroeconomic policy, terrorism, corruption and energy shortages.
US and India held the 13th Ministerial-level meeting of the United States-India Trade Policy Forum (TPF) in Washington, which was co-chaired by US Trade Representative Ambassador Katherine Tai and Minister of Commerce and Industry Piyush Goyal.
The resolution moved by the state Chief Minister MK Stalin, requested the Union Government not to delay the project as it is important for Tamil Nadu and the country's economic growth.
Owners of electronic vehicles manufactured by Tesla have erupted in protest against the automobile giant after missing out on availing price cuts by the company to boost sales, Malaysian news outlet, The Star, reported, adding that the car owners have claimed that they had to pay more for
New Delhi [India], January 11 (ANI/ATK): There is now almost a general consensus among economists and analysts that a recession could set off at any time. Kristalina Georgieva, the head of the International Money Fund (IMF), has also warned that a third of the global economy will experien
Dwindling exports of the textile sector in Pakistan and the government's incompetency to address and handle the ongoing economic crisis costed seven million people their jobs.
Pakistan's economic condition is precarious with low foreign exchange reserves and large fiscal and current account deficits, has further worsened by severe flooding.
According to the World Bank's latest Global Economic Prospects report, global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia's invasion of Ukraine.
Given fragile economic conditions, any new adverse development such as higher-than-expected inflation, an abrupt rise in key interest rates to contain it, a resurgence of the Covid-19 cases, or escalating geopolitical tensions could push the global economy into recession.
Pakistan, which is facing a severe cash crunch, has found a ray of hope in Saudi Arabia as Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud has directed officials to study augmenting the Kingdom's investments to reach USD 10 billion.
The locals and traders of Gilgit Baltistan (GB) in Pakistan-Occupied Kashmir (POK) are holding protests against heavy taxation laws, illegal land occupation, and load shedding imposed by the regime in the province, Pakistan's vernacular media outlet Baad-e-Shimal reported.
He said that both the US and India are vibrant democracies, both have strong linkages, geopolitical ties, huge interest in business and economic well-being of both countries.